Topic: Binance will acquire outstanding shares of SXP (Read 88 times)
You can see the Binance name and the price is going to soar after that which is one of the reason why price have sudden impact on coins which is don't even familiar to a trader, all they look for some quick money. But surely it will reach more height because Binance is going to buy it but a shit coin js is always a shit coin so I won't trust them for longer investment.
Are you doing scalping or intraday trading with SXP ? I will prefer to either hold for some big target or at least do a swing trade so that you can get significant profit from your trade. Here is a chart of SXP mapped. Three Red lines are for Take profit targets (TP1, 2, 3)
I do not based my trading on one type, I hold, swing trade and scalp. All depends on the market conditions. I have not used SXP before until I saw it on this trade to see how it increased in minutes to hours, then I short it at the time, but I took less than 1 hour before I closed the trade. That kind of analyses is based on taking advantage of massive price increase that needs to decrease for a while before the bull will continue or the bear. 
With this tweet from binance (https://twitter.com/binance/status/1476512263133863936), the price of SXP Sky rockets to around 2$ as of this writing. I don't know how long this price will sustain or we may see more buying pressure, but this is how the big news of any coins can suddenly impact the price.
None of my concern with any tweet from binance but I check SXP and I saw it was true that its price rose. It rose from $1.5 to $2.02. I was happy to see that and I create a short position for it. The price reduced to $1.83 but waited until it rose back to $1.85 and I closed the trade when I had gained already.I will advice anyone not to just go for the coin thinking its price will continue to rise. If there is bear market, this will not be different this time for SXP, its price will fall. We need to speculate the direction of the crypto market generally and we should avoid to fall into bull trap.
Are you doing scalping or intraday trading with SXP ? I will prefer to either hold for some big target or at least do a swing trade so that you can get significant profit from your trade. Here is a chart of SXP mapped. Three Red lines are for Take profit targets (TP1, 2, 3)
The price went back up to $2, if you haven't sold it yet this might be a good time to take a profit.
I have just woke up to see the price at $2.13. it is true I would have lost if I did not close the position earlier, but I was lucky to have sold at the right time. What do you think could happen now, will the price continue to rise? Hope it won't lead to bull trap.
I am thinking the resistance will be at the price it is now, it has falled to $2.07 now. But I am thinking there could be the start of bull market in January and it is some hours away.
News from institutions or well-known people greatly affect the market, but enter the market because of things like this it is quite risky to be trapped in high prices so you have to do cut loss or hold it longer, but for me cut loss is better than holding it longer because there will be no permanent up.
None of my concern with any tweet from binance but I check SXP and I saw it was true that its price rose. It rose from $1.5 to $2.02. I was happy to see that and I create a short position for it. The price reduced to $1.83 but waited until it rose back to $1.85 and I closed the trade when I had gained already.
The price went back up to $2, if you haven't sold it yet this might be a good time to take a profit.With this tweet from binance (https://twitter.com/binance/status/1476512263133863936), the price of SXP Sky rockets to around 2$ as of this writing. I don't know how long this price will sustain or we may see more buying pressure, but this is how the big news of any coins can suddenly impact the price.
None of my concern with any tweet from binance but I check SXP and I saw it was true that its price rose. It rose from $1.5 to $2.02. I was happy to see that and I create a short position for it. The price reduced to $1.83 but waited until it rose back to $1.85 and I closed the trade when I had gained already.I will advice anyone not to just go for the coin thinking its price will continue to rise. If there is bear market, this will not be different this time for SXP, its price will fall. We need to speculate the direction of the crypto market generally and we should avoid to fall into bull trap.
With this tweet from binance (https://twitter.com/binance/status/1476512263133863936), the price of SXP Sky rockets to around 2$ as of this writing. I don't know how long this price will sustain or we may see more buying pressure, but this is how the big news of any coins can suddenly impact the price.
Joselito Lizarondo was the Swipe CEO and founder. So this means that he has sold all the swipe shares to binance and has step down as a CEO ?
Also Swipe Mainnet is planned to be launched in Q1, 2022 where the swipechain will be renamed as Solar, a new decentralized blockchain. We have a lot in the pipeline and SXP can be a good investment now.
With this tweet from binance (https://twitter.com/binance/status/1476512263133863936), the price of SXP Sky rockets to around 2$ as of this writing. I don't know how long this price will sustain or we may see more buying pressure, but this is how the big news of any coins can suddenly impact the price.
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